Fast Equity Builder
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Fast Equity Builder LLC in partnership with Equity Corp are the premier nationwide membership company that provides the Mortgage Payoff Acceleration Program (MPAP) in the form of a simulated biweekly, automatic debit service for homeowners. Tigrent Financial analysts originally designed the system in 1985. Our services are frequently used by homeowners, Realtors, investors, and other entrepreneurs.
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Fast Equity Builder
- 1. The Mortgage Payoff Acceleration Program
- 2. America’s Smartest Way To Turn Your Largest Debt Into An Investment Dream! Most Americans’ largest debt is their home.
- 3. These Facts May Disturb You! (If they don’t, they should!) factoid: The United States uses one of the world’s most backward methods to figure how homeowners repay their mortgage loans!
- 4. A $100,000 Home Loan What does it really cost you? Principal + INTEREST = ?????
- 5. How Are Mortgages Currently Paid in the U.S.? factoid: Amount Borrowed: $100,000.00 Interest Rate: 8.5% Term of Loan: 30 years Monthly Payment: $768.92 Total of Payments: $276,811.20 You pay back nearly three times what you borrowed!!!
- 6. factoid: For the first 23 years of a 30 year mortgage, your payment is mostly interest! 100% Amount of P ercen t E q u ity 75% payment as Interest 50% 25% Amount of payment as Principal 0% 1 5 10 15 20 25 30 Years
- 7. factoid: It takes more than 23 years to reduce your $100,000 mortgage by half! 23 years 100% Amount of Percent Equity 75% payment as Interest 50% Amount of 25% payment as Principal 0% 1 5 10 15 20 25 30 Years
- 8. factoid: The longer you pay, the more interest you pay! The Equity Is Your Money! 100% Percent Equity 75% Interest (bank’s profit) 50% 25% Equity (your money) 0% 1 5 10 15 20 25 30 Years In the traditional mortgage, making monthly payments the equity grows very slowly!
- 9. Is there another way? What can you do... ...to beat this interest debt?
- 10. Prepay on your mortgage! It saves thousands! For every 100 homeowners, 10 will attempt to make principal prepayments. Only 1 out of 100 does it right! (Even then, without specific instructions, it might not be applied correctly.) To receive the maximum benefit, prepaying must be done consistently!
- 11. Convert your monthly mortgage payment to Biweekly HOW? The Mortgage Payoff Acceleration Program It will help you: • Save tens of thousands of dollars! • Reduce the term of your loan 9-12 years! • Build equity three times faster! • Increase your net worth! • Get the benefits of a new mortgage • without requalifying! • Makes paying the mortgage easier! • Do it all without expensive refinancing!
- 12. The Nation’s Press USA Today Lenders likely to push biweekly mortgages The Wall Street Journal Biweekly Loans Helped By Fannie Mae USA Today Biweekly mortgage builds equity fast The Washington Post Biweekly Loans Get Boost From Fannie Mae
- 13. Equity Builds 3 Times Faster on Mpap’s Biweekly Plan MP A P vs. co n ven tio n al 30-year lo an $100,000.00 P rin cip al P ai $80,000.00 $60,000.00 $40,000.00 $20,000.00 $0.00 5 years 10 years 15 years 20 years M PAP 30-Yr M o rtg ag e
- 14. Savings How could YOU use the money you save? ?
- 15. The Mortgage Payoff Acceleration Program • No Refinancing! • No Qualifying! • No Appraisal! • No Closing Costs! • No Credit Reports! • No Change in Present Mortgage Contract! • No Change in Lender! • No Hassle!
- 16. Why Do You Think Banks Don’t Offer to Help You Prepay? 1. It is unprofitable for them. 2. The tens of thousands of dollars you save is money they don’t make. 3. Banks sell off most of the mortgages on the secondary market. When that happens, their hands are tied. 4. Do you think banks are looking out for your best interests? (Your interest payment maybe!) It’s time to take matters into your own hands!
- 17. Here’s How MPAP Works! Every two weeks, one-half of your monthly payment is electronically transferred from the bank account of your choice and deposited into – depending upon the state in which your live -- a national trust account administered by Citibank FSB (or assigns or successors), OR into a newly created account at Cape Coral (FL) National Bank. From that, once each month your full mortgage payment (plus any extra funds authorized by you) is forwarded to your lender on or before the due date. Once each year all extra funds held for you in that account are forwarded to your lender as a principal reduction payment (usually an amount equal to or greater than one full mortgage payment). That yearly principal payment is the magic!
- 18. MPAP Flow Chart BANK BANK National Trust every two Current Account or weeks 1/2 CCNB account bank account of payment – depending your is debited upon your choice state Once each month, a check is automatically generated from the account to make your mortgage payment. Once each year the extra payment accumulated is sent to your lender as a principal reduction payment! Simple and Safe! Your money never leaves your control!
- 19. Conventional Vs. Biweekly Comparison (Including Additional Amounts Applied to Principal) Convention Biweekly Biweekly Biweekly al Monthly Payments Payments Payments Payments + $25 extra + $50 extra Amount $100,000 $100,000 $100,000 $100,000 Borrowed Interest Rate 8.5% 7.569% 6.683% 5.743% Length of Term 30 yrs 22 yrs 19 yrs 17 yrs Interest Paid $176,813 $126,163 $104,142 $89,312 Interest Saved $0 $50,650 $72,671 $87,500 Based on a $100,000 loan at 8.5% over 30 years
- 20. MPAP Biweekly Can Also Be Used for Autos, Boats, Rvs and Other Loans
- 21. Banks Can Overcharge You in a Variety of Ways. Interest Is Only One of Them.
- 22. The Nation’s Housing Study Suggests Errors in 75% of Equity Lines Lenders accused of escrow overcharges Many Lender’s ARMs Contain Miscalculations Fleet Mortgage to refund excess escrow
- 23. Odds Are You Could Receive A Refund! Ask your agent if you qualify for an annual audit of your mortgage! The Mortgage Payoff Acceleration Program Will Protect You!
- 24. Real Estate Taxes Seem High? 50 to 75 percent of all appeals are successful! Typical savings to a taxpayer are 12 to 15 percent (ranging from $150 to $1000) Less than 5 percent of homeowners ever appeal their taxes. Why? They don’t know how to find the errors! We will show you how!
- 25. Honey, I Shrunk the Taxes! Are you paying more than your fair share of property taxes? Here’s how to cut that bill by upwards of 20% Tampa couple’s taxes include nonexistent swimming pool
- 26. In 1985, Equitycorp Created This Industry We have opened the door to financial freedom for thousands of people across the United States. EquityCorp. has set the industry standards for all to follow and continues to be the innovator in the mortgage reduction business.
- 27. FDIC Federal Deposit Insurance Corporation Since 1985, EquityCorp has used the Federal Reserve System’s Electronic Funds Transferring system to debit clients’ accounts. All accounts involved in the MPAP biweekly process are FDIC insured up to the maximum allowable!
- 28. The Benefits of Enrolling NOW! • Save tens of thousands of dollars • Reduce the term of your loan 9 to 12 years • Build equity up to three times faster • Increase your net worth • Get the benefits of a new mortgage without having to qualify • Makes paying your mortgage easier and automatic Do you realize the leverage this gives you?